TRANSAMERICA VARIABLE INSURANCE FUND INC
497, 2000-02-10
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                   TRANSAMERICA VARIABLE INSURANCE FUND, INC.
                       Supplement Dated February 10, 2000
                         to Prospectus Dated May 1, 1999

Effective January 1, 2000,  Transamerica  Investment  Management,  LLC, replaced
Transamerica  Investment  Services,  Inc., as the Funds' Investment  Adviser and
assumed the  portfolio  management  responsibility  for the Funds.  Transamerica
Investment  Management,  LLC, was formed as a Delaware limited liability company
December  1,  1999.  Transamerica  Investment  Services,  Inc.,  owns all of the
capital  interests  and at least 80% of the  profit  interests  of  Transamerica
Investment  Management,  LLC. Certain investment  professionals and officers own
the  remainder of the profit  interests.  Under an agreement  with  Transamerica
Investment  Management,  LLC, Transamerica  Investment Services,  Inc., provides
Transamerica  Investment  Management,  LLC, with certain investment research and
other services and, in this regard, it serves as sub-adviser to the Funds. There
has been no change in the Funds' managers as a result of this restructuring, and
the  restructuring  does not  otherwise  involve a change in actual  control  or
management of the Funds'  Investment  Adviser.  There has been no change in fees
paid the Investment Adviser. The address of Transamerica  Investment Management,
LLC, is the Los Angeles address of the Investment  Adviser listed on page 20 and
its duties are those described on page 20.




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